T. Rowe Price Opposes Dell Buyout

By

Telis Demos,

David Benoit And

Ben Worthen

Updated Feb. 12, 2013 7:24 p.m. ET

Michael Dell's plan to take Dell Inc. private is hitting more snags.

On Tuesday, Dell's second-largest outside investor said it opposed the proposed $24.4 billion buyout. The investor, T. Rowe Price Group Inc., which owned 4.4% of Dell shares as of September, said the proposal undervalues Dell.